Absolute Estate Auction Above $25,000 "Berea" Well Maintained Brick Townhome Updated Kitchen, 3 Bedrooms

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Listing Details

Sold Price
$35,000
Auction Date
Auction Time
11:00 AM
Address
1424 N. Potomac Street, Baltimore, MD, 21213
County
Baltimore City
Neighborhood
Berea
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Barbara E. Holmes, Esquire
1729 St. Paul Street
Baltimore, Maryland  21202

★ ABSOLUTE ESTATE AUCTION ★
To The Highest Bidder Above $25,000
             
BEREA

Well Maintained, Brick
PORCHFRONT TOWNHOME
Updated Kitchen ◆ 3 Bedrooms

Sale On Premises
1424 N. POTOMAC STREET
Off 3000 E. Oliver Street
Baltimore, MD 21213

WEDNESDAY, MARCH 21, 2012
AT 11:00 A.M.


NOTE:  The information contained herein has been obtained from sources deemed reliable and is believed to be accurate.  However, no express or implied warranty is made or may be inferred from any such representation.  Dimensions and square footage contained herein are more or less.

LOCATION & DIRECTIONS:

The property is in a predominantly homeowner area in the Berea section of Baltimore City.  Downtown Baltimore is about 10-15 minutes to the southwest. Clifton Park is located just several bocks to the northwest.

For directions from your location, visit: maps.google.com

 

SITE AREA

Rectangularly shaped parcel fronting 19', with depth lines of 197'6" , more or less


All public utilities


Rear fenced yard


BLOCK PLAT (pdf)

 

IMPROVEMENTS

Two story well maintained brick townhome features a covered porchfront, vinyl double glazed replacement windows, new oil fired hot water boiler furnace (2007), new oil tank (2007) and new water heater (2007), central alarm system, 40 gallon gas fired water heater, electric wheelchair lift from the first floor to the second floor. The home is arranged as follows:


First Floor

  • Living Room
    Photos of auction property
     
  • Dining Room
    Photos of auction property
     
  • Updated Kitchen with a GE 4-burner gas range/oven, newly purchased GE refrigerator/freezer, dishwasher, updated wood cabinetry
    Photos of auction property
     


Second Floor

  • 3 - Bedrooms
     
  • Full Bathroom
     


Full Basement

  • Recreation Room (partially finished)
     
  • Laundry/Utility Room with washer and dryer
     

 

REAL ESTATE TAXES

2011-2012 published annual real estate taxes are $2,080, based on a full value assessment of $87,400.  Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact SDAT concerning the appeals process and may see the following link for helpful information: http://www.dat.state.md.us/sdatweb/appeal.html.

 

TITLE

The property is in fee simple and is being sold free and clear of liens

 

INSPECTION TIME

From 10:30 a.m. on the day of sale.

 

TERMS OF SALE

Deposit payable by certified or cashier's check of $2,500 will be required of the purchaser at time and place of sale.  The deposit shall be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers.  Balance to be paid in cash within 45 days. If payment of the balance does not take place within the specified time, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting purchaser. Interest to be charged on the unpaid purchase money, at the rate of 12% per annum, from date of sale to date of settlement.  Taxes and all other public charges and assessments, payable on an annual basis, including sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of sale and assumed thereafter by the purchaser. The property will be sold in "AS IS" condition, without express or implied warranty as to the nature and description of the improvements as contained herein;  and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes risk of loss from the date of sale forward.  The purchaser waives and releases the Seller, the attorney for the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof.  If the Seller is unable to convey good and marketable title, the purchaser's sole remedy in law or equity shall be limited to the refund of the deposit.  Upon refund of the deposit this sale shall be null and void and of no effect, and the purchaser shall have no further claim against the Seller or Auctioneer.  The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law.  Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser, except where otherwise mandated by local, State or Federal law.  Time is of the essence.


No buyer's premium.


Auction by order of:
James Prettlow, Personal Representative for the Estate of Celia Prettlow


BIDDER PRE-REGISTRATION

Online pre-registration is now closed. Please register with the Auctioneer at the auction site.
 
BROKER COOPERATION:

Broker participation is invited. See our: BROKER REGISTRATION FORM (pdf). 

The completed form must be returned to the Auctioneer's office by 5:00 P.M. on Tuesday, March 20, 2012.

 

FINANCING

Call for pre-qualification and financing options:

Mr. Craig Kessler
Freedmont Mortgage Funding

50 Scott Adam Road
Hunt Valley, Maryland  21030
410-654-3900 direct
410-702-4511 fax
ckessler@freedmont.com


For a list of additional auction-oriented lenders, see our Financing Page.

For all other information please call 410-296-8440
OR EMAIL info@ajbillig.com